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20110701
20110731
Search Results 0 to 4 of about 5 (some duplicates have been removed)
earth there. and i'm a big space geek. i love that. we'll see you back here tomorrow. "in the arena" starts right now. >>> good evening and welcome. i'm tom foreman. tonight we are getting mixed signals about a possible back room deal on the debt ceiling just hours away from what president obama at least at one point called a deadline for a decision. "the new york times" says president obama and the republican speaker of the house john boehner are close to an agreement. roughly it would involve $3 trillion in cuts and an eventual overhaul of the entire tax system. here's the catch, though. other sources are shooting down the idea that this is even happening as fast and hard as they can. listen to boehner himself earlier today on rush limbaugh's radio show. >> rush, there is no deal. no deal publicly, no deal privately. there is absolutely no deal. >> no deal, no deal, no deal. now, here's the white house spokesman jay carney. >> there is no deal. we are not close to a deal. we are -- obviously, the president is in discussions with all the leaders of congress as well as other members
to that. what i was thinking about today, in one sense, no. it doesn't matter which plan. a big investor think both plans are really band-aid plans and none of them deal significantly with what i like to call the big three. medicare, medicaid and social security. in the short material, either deal will probably be enough. really interesting this afternoon, when i was talking to an investor who had met with the ratings agency at standard & poors talking about the downgrade. could it raise interest rates the same way a potential default could. they said the boehner plan probably wouldn't hit the hurried tol prevent a downgrade. even if that was reached, you could still get a downgrade. it is unsure whether that would happen. the reid plan, even though a lot of the parts of that are seen by many as gimmicks, probably would pass that hurdle and you wouldn't get that immediate downgrade. that's an interesting distinction. >> stand by for a moment. i want to bring back kate and jessica. there is a harry reid plan and a john boehner plan. given the stakes involved, why not have these two gentle
for joining us. if we don't get a deal out of washington before the big bad debt ceiling deadline, one of the guys you can blame or thank, depending on how you see it, is congressman joe walsh, a republican from illinois. he's one of those freshmen who rode the tea party wave into washington last fall. we mentioned them a moment ago. he spoke out against a compromise at a tea party rally in washington earlier today. listen. >> i'm a freshman. maybe i'm naive. but i don't think unless we force -- unless we force republicans and democrats to balance their books every year, they won't. the only way we can do that is to force them. the only way we can force them is to put a balanced budget amendment in the constitution. we have to do that. we can't yield. >> and congressman walsh joins me now live from capitol hill. congressman, welcome back to the show here. listen, you know what i'm hearing more than anything around d.c., people are saying about you and some of the other people who are really holding the hard line here, don't these guys know how to take a win? because the feeling is that
Search Results 0 to 4 of about 5 (some duplicates have been removed)